Understanding FINTRAC & Reporting Obligations

"Course 2 of 8 in the StudyAML Canada Series Learn how FINTRAC works — and how your role supports it. Understanding FINTRAC & Reporting Obligations helps financial professionals master the core principles of reporting, recordkeeping, and compliance accountability. Through practical examples and real-world context, this course empowers you to contribute effectively to Canada’s AML/ATF framework with confidence and clarity."

20 - 25 minutes

Certificate Included

Canada

Description

This course explores the role of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) — the country’s financial intelligence unit — and the reporting obligations that help safeguard Canada’s financial system. In about 20–25 minutes, learners will gain a clear understanding of how FINTRAC operates, when and why to file mandatory reports, and how accuracy, timeliness, and accountability form the foundation of effective compliance. Designed for financial services professionals, the course provides practical guidance for meeting FINTRAC’s expectations with confidence and integrity.

What will you learn?

Module 1 – Understanding FINTRAC
Discover FINTRAC’s mandate, how it collects and analyses financial intelligence, and why every reporting entity plays a vital role in protecting the integrity of Canada’s financial system.
Module 2 – Core Reporting Obligations
Learn about FINTRAC’s key report types — from suspicious transactions to large cash and electronic fund transfers — and understand how to apply professional judgment when identifying reportable activity.
Module 3 – Timeliness & Recordkeeping
Explore the critical importance of submitting reports on time and maintaining complete, accurate records that demonstrate diligence, transparency, and compliance readiness.
Module 4 – Compliance in Practice
See how leadership, teamwork, and sound internal controls turn compliance principles into daily practice, building a culture of vigilance and shared accountability across your organisation.